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Old 18-11-2006, 10:54 AM   #17 (permalink)
David Agnew
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Join Date: Jun 2005
Location: Maidenhead
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Default minimum wage

Quote:
Originally Posted by Soddball
I must admit that I would question the inclusion of the minimum wage.
I put in the minimum wage because I want to live in a society where there is some correlation between moral value and reward. I fully accept that the free market economy is unbeatable at creating wealth, but there is currently zero correlation between reward and merit.

For example Premiership footballers earn more that nurses. Nurses have a high moral value, but a low economic value. Footballers have a lot of money, but arguably a negative moral value.

I don't think that society should owe somebody a living, but I do think that if somebody is prepared to make a contribution, they should get enough to live on.

Incidentally, I also think that the current welfare system is immoral, because it rewards dysfunctional behaviour. For example it rewards people for not making a contribution, for not taking responsibility for their children, and for not making financial plans for their future.
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